Records that document agreements made by an agency for the transfer of the right to possession and use (but not sale) of goods or property for a specified term. Records may include copies of lease agreements and amendments or addenda. Leases are typically for office space, equipment, real estate, or facilities.
Retain for seven years after expiration then dispose of.
Confidential destruction is required. Paper must be shredded, pulped, or incinerated; electronic records must be overwritten or the storage media physically destroyed. Deletion of information in computer files or on electronic storage media is not sufficient.
Last Updated: December 31, 2008